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    Duties

    Summary

    The Economist position is in the Consumer Financial Protection Bureau's Office of Research in the Division of Research, Markets, and Regulations (RMR). The Office of Research formulates and guides economic research, and provides information, analytical support, and technical advice to inform the Bureau's rule-making, enforcement, and supervision functions.

    The Economist conducts rigorous economic analysis of complex topics and leads the CFPB's research on consumer financial markets and consumer financial decision making. Economists also collaborate with other parts of the CFPB that are responsible for monitoring developments in consumer financial markets, rule-making, supervision, enforcement, and financial education.

    See our tips on the application process and printable checklist to ensure each step of the application is completed.

    Learn more about this agency

    Responsibilities

    The following are the duties of this position at the CN-60 (Equivalent to GS-14). If you are selected at a lower grade level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position.

    • Analyze, synthesize, interpret, and provide information, analysis, technical advice, and recommendations on current developments in consumer financial markets and products. Support analysis with statistical, mathematical, and econometric methods and techniques; economics theory; and judgment.
    • Develop and maintain econometric models of consumer economic behavior for use in policy analysis.
    • Analyze issues and emerging trends in consumer financial services markets and develop or evaluate proposals for policy or regulatory changes. Analyze potential economic effects of proposed policies or regulations on competition and consumers.
    • Initiate, develop, and carry out original research or projects designed to support the policy analysis responsibilities of the office. Initiate, develop, and carry out research on consumer financial product markets designed to understand how these markets function and the behavior, decisions, and interactions of households and firms in these markets.
    • Establish methods and systems to collect quantitative and qualitative information to support formulating and implementing policies related to consumer behavior, consumer credit markets, and consumer financial services markets.

    Travel Required

    Occasional travel - Occasional travel may be required.

    Supervisory status

    No

    Promotion Potential

    60

    Who May Apply

    This job is open to…

    U.S. citizens or U.S. Nationals; no prior Federal experience is required.

    Questions? This job is open to 1 group.

  • Job family (Series)

    0110 Economist

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    Requirements

    Conditions Of Employment

    • Please refer to "Conditions of Employment."
    • Click "Print Preview" to review the entire announcement before applying.
    • Must be a U.S. Citizen or U.S National

    The experience may have been gained in either the public or private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/year, and indicate number of hours worked per week on your résumé.

    Qualifications

    In addition to the above basic requirements, you must meet at least one of the following within 30 days of the closing date of this announcement:

    Specialized experience for the CN-60: For the CN-60, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the CN-53 grade level in the Federal service (For qualification purposes, the CN-53 is broadly equivalent to the GS-13). For this position, specialized experience must include:
    • Independently conducting research or analysis to define potential economic risks and/or statistics for reports intended for publication in relevant government or industry publications or academic journals in the areas of applied microeconomic theory, labor economics, industrial organization, development economics, public economics, health economics, finance, behavioral economics, urban economics, and/or experimental economics.
    Specialized Experience for the CN-53: For the CN-53 level, you must have one year of specialized experience at or equivalent to the CN-52 level in the Federal service. (For qualification purposes, the CN-52 level is broadly equivalent to the GS-12 level). For this position, specialized experience must include:
    • Conducting primary research using economic data or developing economic models that provided statistical results to be used in writing working papers in the areas of applied microeconomic theory, labor economics, industrial organization, development economics, public economics, health economics, finance, behavioral economics, urban economics, and/or experimental economics or teaching in these areas as an Assistant Professor at the college or university level.
    Specialized Experience for the CN-52: To qualify at the CN-52 level, you must have one year of specialized experience at or equivalent to the CN-51 level in the Federal service. (For qualification purposes, the CN-51 level is broadly equivalent to the GS-11 level). For this position, specialized experience must include:
    • Collecting and analyzing economic data or developing economic models for the purpose of preparing primary research in the areas of applied microeconomic theory, labor economics, industrial organization, development economics, public economics, health economics, finance, behavioral economics, urban economics, and/or experimental economics; or conducting economic analysis in these areas as an economist or consultant
    OR
    You may substitute education for specialized experience as follows: Ph.D. or equivalent doctoral degreein a related field that provided you with the knowledge, skills, and abilities necessary to do the work.

    OR
    You may qualify by a combination of experience and education.

    Candidates who are in the process of completing qualifying education requirements will be considered as long as the requirements are completed within 9 months from the closing date of this vacancy.

    You MUST submit transcripts or equivalent.

    Education

    Education Requirements: You MUST submit transcripts or equivalent.

    Basic Requirements: Degree: Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR Combination of education and experience - courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education. Education may be substituted for experience as described in “Qualifications for the CN-52 level.” Candidates who are in the process of completing qualifying education requirements will be considered as long as the requirements are completed within 9 months from the closing date of this vacancy.

    The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education.

    Additional information

    - We may select from this announcement or any other source to fill one or more vacancies.
    - This is a bargaining unit position.
    - We offer opportunities for telework.
    - We offer opportunities for flexible work schedules.
    -Ethics: CFPB employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions, which applicants may review at www.oge.gov. In addition, CFPB employees must comply with the Supplemental Standards of Ethical Conduct for Employees of the Bureau of Consumer Financial Protection (5 CFR 9401), which, among other things, prohibit an employee or the employee’s spouse or minor child from owning or controlling a debt or equity interest in an entity supervised by CFPB. CFPB’s regulations also impose restrictions on the outside activities of certain Bureau employees, including examiners and attorneys. Applicants may review the CFPB ethics regulations and a summary of the regulations at www.consumerfinance.gov. Questions regarding these requirements and prohibitions should be directed to the CFPB Ethics Office at EthicsHelp@cfpb.gov.

    CONDITIONS OF EMPLOYMENT:
    - A one year probationary period may be required.
    - Must successfully complete a background investigation.
    - Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency
    - If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
    - Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
    - Obtain and use a Government-issued charge card for business-related travel.

    How You Will Be Evaluated

    Your application includes your résumé, responses to the online questions, and required supporting documents. Please be sure that your résumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a “not qualified” determination.

    Rating: Your application will be evaluated in the following areas:

    Subject Matter Expertise: Knowledge of economic theories, models, and techniques; applying specialized knowledge in support of the Bureau's mission; developing knowledge and sharing knowledge with others.

    Written Communication: Chooses appropriate communication modes and mediums and prepares written materials that are accurate, clear, and responsive to requests. (MUST submit a job market paper).

    Category rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three quality level categories, A, B or C depending on your responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

    Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.

    Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

    If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP)) you must be assigned the middle category or better to be rated as “well qualified" to receive special selection priority.
    To preview questions please click here.

    Background checks and security clearance

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    Required Documents

    A complete application includes 1. A résumé, 2. Vacancy question responses, and 3. Submission of any required documents. Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

    Please ensure all required documents, including any required work samples, narratives, or other materials as stated in this announcement, are attached to your application package. Documents can be uploaded under the category of “Cover Letter”.

    All applicants are required to submit a résumé either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your résumé. We suggest that you preview the online questions, as you may need to customize your résumé to ensure that it supports your responses to these questions. Please view résumé tips.

    VETERANS' PREFERENCE DOCUMENTATION: If you are claiming veterans preference, please see applicant guide for required documentation. In order to be considered for veterans preference, you must submit all required documentation as outlined in the applicant guide.

    CAREER TRANSITION ASSISTANCE PLAN (CTAP) OR INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP) DOCUMENTATION: If you are a displaced or surplus Federal employee, click CTAP/ICTAP for eligibility and a detailed list of required documents you must submit in order to be eligible.

    EDUCATION DOCUMENTATION: For positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, submit a copy of your transcripts or equivalent. An official transcript will be required if you are selected.

    A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.

    If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions.

    JOB MARKET PAPER - A job market paper is required to be considered for this position. You MUST upload a job market paper which you have authored.

    ***Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

    If you are relying on your education to meet qualification requirements:

    Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

    Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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    Benefits

    A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding.

    CFPB determines the salary offer for each selectee based primarily on three key factors:

    • The selectee’s directly related experience at the same level as the positon
    • The selectee’s overall experience in a particular industry or area
    • The salaries of other CFPB employees in similar positions and with similar levels of experience.
    We also take the selectee’s skill set into account. Applicants should note that salary offers seldom fall near the upper end of the salary range as listed in this vacancy announcement. Salary may be set from the minimum of the salary range to the midpoint of the salary range. In some instances, based on a selectee’s extensive experience directly related to the position, salary may be set at or above the mid-point up to the maximum salary for that band level.

    See information on our base pay ranges and salary structure.

    https://careerconnector.jobs.treas.gov/cc/cfpb/vacancy/preview!benefits.hms?orgId=544&jnum=158496

    Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.

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    How to Apply

    CFPB has partnered with the Treasury's Bureau of the Fiscal Service to provide certain personnel services to its organization. Fiscal Service's responsibilities include advertising vacancies, accepting and handling applications, and extending job offers.

    The following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. We are available to assist you during business hours (normally 8:00 a.m. - 5:00 p.m. ET, Monday - Friday). If applying online poses a hardship, please contact us by noon ET on the announcement's closing date.

    CFPB provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process.

    To begin, either click the “Create a New Account” button and follow the prompts to register or if you previously registered, click the "Apply Online" button and follow the prompts.

    You will be re-directed to CFPB's CareerConnector system to complete your application process; answer the online questions, and submit all required documents. (To submit supporting documents, click one of the available options; Upload; Fax; or Reuse existing documents. To protect your privacy, we suggest you first remove your SSN). Also, go to “My Account” to view and update your information, as necessary.

    To complete, you must click the “Finish” button located at the bottom of the “Application Review” page.

    To verify your application is complete, log into your USAJOBS account, select the Application Status link and then select the more information link for this position. The Details page will display the status of your application, the documentation received and processed, and any correspondence the agency has sent related to this application.

    To return to an incomplete application, log into your USAJOBS account and click Update Application in the vacancy announcement. You must re-select your resume and/or other documents from your USAJOBS account or your application will be incomplete.

    If you are experiencing system issues with your application, please contact the CareerConnector Help Desk at careerconnectorhelp@treasury.gov and/or the USAJOBS Help Desk.

    Agency contact information

    Applicant Call Center

    Phone

    304-480-7300

    TDD

    304-480-8725

    Fax

    000-000-0000

    Email

    cfpbinquiries@bpd.treas.gov

    Address

    Consumer Financial Protection Bureau
    *** Please see the "How to Apply" section ***
    Parkersburg, West Virginia 26106
    United States
    Learn more about this agency

    Visit our careers page

    Learn more about what it's like to work at Consumer Financial Protection Bureau, what the agency does, and about the types of careers this agency offers.

    https://careerconnector.jobs.treas.gov/cc/cfpb/vacancy/preview.hms?orgId=544&jnum=158496#overview/

    Next steps

    To check the status of your application for this position, please follow these steps:

    1. Login to your USAJOBS account, select the "Applications" section and click on the vacancy you would like to view and have already applied for.

    2. Under "application status," click "additional application information" and you will be taken to the CareerConnector website where you can check your application status. The "additional application information" link may not be available if your application status says "Unavailable." This indicates that your application is not complete.

    If the "additional application information" link is not available and the vacancy is still open, you can click on the job announcement and "Update Application" to be taken back to the CareerConnector portion of the application.

    Please notify us at CFPBINQUIRIES@BPD.TREAS.GOV if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.

Fair & Transparent

The Federal hiring process is setup to be fair and transparent. Please read the following guidance.

Equal Employment Opportunity Policy

The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy And gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

Reasonable Accommodation Policy

Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application process should follow the instructions in the job opportunity announcement. For any part of the remaining hiring process, applicants should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

A reasonable accommodation is any change in the workplace or the way things are customarily done that provides an equal employment opportunity to an individual with a disability. Under the Rehabilitation Act of 1973 the Equal Employment Opportunity Commission (EEOC) must provide reasonable accommodations:

  • An applicant with a disability needs an accommodation to have an equal opportunity to apply for a job.
  • An employee with a disability needs an accommodation to perform the essential job duties or to gain access to the workplace.
  • An employee with a disability needs an accommodation to receive equal access to benefits, such as details, training, and office-sponsored events.

Legal and regulatory guidance

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/485696900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.